Automotive Fuel Injector Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 10.22 Billion |
| Market Size (2029) | USD 14.60 Billion |
| CAGR (2024 - 2029) | 6.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Automotive Fuel Injector Market Analysis
The Automotive Fuel Injector Market size is estimated at USD 10.22 billion in 2024, and is expected to reach USD 14.60 billion by 2029, growing at a CAGR of 6% during the forecast period (2024-2029).
Fuel injection systems are predicted to increase at a significant pace due to rising population, improving lifestyles, and the cumulative demand for passenger vehicles. Injection systems are critical components in any vehicle engine because they manage and monitor the amount of fuel entering the engine cylinders. Modern fuel injection systems not only manage the flow of fuel but also provide additional functions such as multiple, pilot, post-injections, and rate shaping (scheduling). These are also expected to significantly contribute to market growth.
Furthermore, over the long term, factors such as an increase in demand for fuel economy, improved engine performance, a rise in implementation of strict emissions rules such as Bharat Stage VI, and an increase in preference for engine downsizing & vehicle weight reduction will positively impact the target market growth during the forecast period.
Additionally, the 2-wheeler market, which includes motorcycles, scooters, and mopeds, is seeing an increase in adoption due to factors such as traffic congestion and rising fuel prices. These vehicles offer high fuel efficiency and are easy to navigate through congested areas. To meet the rising demand, manufacturers are focusing on fuel injector technology to improve fuel efficiency.
Automotive Fuel Injector Market Trends
The High Demand of 2-wheelers across the Globe
The 2-wheeler market includes motorcycles, scooters and mopeds. The rise in traffic congestion and growth in fuel prices contributes to the increasing adoption of 2-wheelers as they provide high fuel efficiency and are easy to navigate through traffic congestion. The other factors such as rapidly growing urbanization with high population density, majorly in developing countries such as India, which is the 2nd largest market for 2-wheelers.
Considering the rising demand for 2-wheelers, the manufacturers are making innovations in fuel injector technology to take out maximum fuel efficiency and contribute to the market growth. For instance, in March 2022, Aprilia developed a fuel-injected 2-stroke concept named as Aprilia Ditech System. It uses a very powerful Siemens ECU to manage the fuel system.
Moreover, the adoption of 2-wheelers is increasing as a growing trend of bike racing as a sport among youth and for commuting long distances. This is because lots of companies are launching motorcycle tourism campaigns to promote tourism and are propelling the demand for 2-wheelers.
In September 2023, Royal Enfield track school program for aspiring bike racers in India as a part of the "Pure Sport" campaign. Thus, the above factors will drive the market growth.
Asia-Pacific Region is Anticipated to Play a Significant Role in the Market
The Asia-Pacific market is expanding rapidly, owing to rising vehicle manufacturing in these areas. Rising purchasing power, increased demand for fuel-efficient automobiles, stricter pollution standards, and rising nations economies such as China and India all resulted in increased demand for fuel injection systems.
For example, in April 2023, the Indian Government implemented the BS VI Phase 2 emission norms, which are even stricter than the BS-VI norms, and they will further reduce harmful emissions from vehicles.
Asia-Pacific is expected to be the largest market for automotive fuel injection systems, with the fastest growth rate during the forecast period. Additionally, prominent companies in the region are focusing on R&D activities and improving their existing commercial vehicle lineup, which is projected to supply the market with profitable potential. Such development and technological advancements in the automobile sector will contribute to the growth of the fuel injector market over the forecast period.
For instance, in September 2022, Stanadyne, a leading global fuel and air management systems supplier, unveiled a new hydrogen fuel injector for medium-duty and heavy-duty commercial vehicle powertrains.
Thus, the above factors, coupled with technological advances, will hold a positive impact on the market.
Automotive Fuel Injector Industry Overview
The market is dominated by major players, including Robert Bosch LLC, Denso Corporation, Continental AG, Magneti Marelli Parts and Services S.p.A., and Delphi Technologies (BorgWarner Inc.).
Many players are investing in new technologies to gain the upper hand over their competition and focusing on new launches.
- In December 2022, BorgWarner company, delivering innovative and sustainable mobility solutions for the vehicle market, announced to execution of a tax-free spin-off of its Fuel Systems and Aftermarket segments into a separate, publicly traded company.
Automotive Fuel Injector Market Leaders
-
Denso Corporation
-
Continental AG
-
Magneti Marelli Parts and Services S.p.A.
-
Robert Bosch GmbH
-
Delphi Technologies
*Disclaimer: Major Players sorted in no particular order
Automotive Fuel Injector Market News
- July 2023: Bosch enters the hydrogen era and starts fuel cell power module production. Besides the fuel-cell powertrain, Bosch is also working on the hydrogen engine, developing systems for both port and direct injection of hydrogen. This solution is particularly suitable for heavy vehicles on long hauls with especially heavy loads.
- November 2022: Liebherr Components AG, part of the Liebherr Group, announced the development of new direct fuel injection systems for hydrogen (H2) combustion engines in heavy-duty applications.
Automotive Fuel Injector Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Increasing Adoption of 2-wheelers across the Globe
4.2 Market Restraints
4.2.1 Rise in demand of Electric Vehicles
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size in Value USD)
5.1 By Type
5.1.1 Throttle Body Injection
5.1.2 Multipoint Fuel Injection
5.1.3 Others Types
5.2 By Fuel
5.2.1 Diesel Fuel Injectors
5.2.2 Gasoline Fuel Injectors
5.3 By Vehicle Type
5.3.1 Passenger Vehicle
5.3.2 Commercial Vehicle
5.4 By Sales Channel
5.4.1 OEM
5.4.2 Aftermarket
5.5 By Geography
5.5.1 North America
5.5.1.1 United States
5.5.1.2 Canada
5.5.1.3 Rest of North America
5.5.2 Europe
5.5.2.1 Germany
5.5.2.2 United Kingdom
5.5.2.3 France
5.5.2.4 Italy
5.5.2.5 Spain
5.5.2.6 Rest of Europe
5.5.3 Asia-Pacific
5.5.3.1 India
5.5.3.2 China
5.5.3.3 Japan
5.5.3.4 South Korea
5.5.3.5 Rest of Asia-Pacific
5.5.4 Rest of World
5.5.4.1 South America
5.5.4.2 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 Robert Bosch GmbH
6.2.2 Denso Corporation
6.2.3 Continental AG
6.2.4 Delphi Technologies (BorgWarner Inc.)
6.2.5 Magneti Marelli Parts and Services S.p.A.
6.2.6 Mikuni American Corporation
6.2.7 Hitachi Astemo Indiana, Inc.
6.2.8 Infineon Technologies AG
6.2.9 GB Remanufacturing, Inc.
6.2.10 Valley Fuel Injection & Turbo, Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Automotive Fuel Injector Industry Segmentation
The fuel injector is an electronically controlled valve that takes pressurized gasoline from the fuel pump and, when engaged, atomizes the fuel into a fine mist that may easily burn in the engine of the vehicle.
Types, fuel, vehicle type, and geography segment the automotive fuel injector market.
By type, the market is segmented into throttle body injection, multipoint fuel injection, and other types. By fuel, the market is segmented into diesel fuel injectors and gasoline fuel injectors. By vehicle type, the market is segmented into passenger cars and commercial vehicles. By sales channel, the market is segmented as OEM and Aftermarket. By Geography, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. The report offers market size and forecasts for the fuel injector market in value (USD) for the above segments.
| By Type | |
| Throttle Body Injection | |
| Multipoint Fuel Injection | |
| Others Types |
| By Fuel | |
| Diesel Fuel Injectors | |
| Gasoline Fuel Injectors |
| By Vehicle Type | |
| Passenger Vehicle | |
| Commercial Vehicle |
| By Sales Channel | |
| OEM | |
| Aftermarket |
| By Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Automotive Fuel Injector Market Research FAQs
How big is the Automotive Fuel Injector Market?
The Automotive Fuel Injector Market size is expected to reach USD 10.22 billion in 2024 and grow at a CAGR of 6% to reach USD 14.60 billion by 2029.
What is the current Automotive Fuel Injector Market size?
In 2024, the Automotive Fuel Injector Market size is expected to reach USD 10.22 billion.
Who are the key players in Automotive Fuel Injector Market?
Denso Corporation, Continental AG, Magneti Marelli Parts and Services S.p.A., Robert Bosch GmbH and Delphi Technologies are the major companies operating in the Automotive Fuel Injector Market.
Which is the fastest growing region in Automotive Fuel Injector Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Automotive Fuel Injector Market?
In 2024, the Asia-Pacific accounts for the largest market share in Automotive Fuel Injector Market.
What years does this Automotive Fuel Injector Market cover, and what was the market size in 2023?
In 2023, the Automotive Fuel Injector Market size was estimated at USD 9.61 billion. The report covers the Automotive Fuel Injector Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Fuel Injector Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Automotive Fuel Injector Industry Report
Statistics for the 2024 Automotive Fuel Injector market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automotive Fuel Injector analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
